Fijivillage
NEWS SPORTS FIJI VOTES 2022 IN DEPTH
2 April, 2023, 3:03 pm
Central - 31°C Clear
FIJI VOTES 2022 IN DEPTH
2 April, 2023, 3:03 pm Central - 31°C Clear

BRED Bank reduces minimum requirement for business account from $3,000 to $200

BRED Bank reduces minimum requirement for business account from $3,000 to $200

By Rashika Kumar
Tuesday 21/07/2020
BRED Bank.

BRED Bank has today reduced their requirement of a minimum $3,000 deposit to open a business account to $200 to assist small and medium businesses.

This comes as Fijivillage had asked the bank to justify the $3,000 deposit at a time when people are being encouraged to open businesses and many may not have that amount of cash available.

Bank CEO Thierry Charras-Gillot says they looked into the matter and at this difficult time it was the right thing to do and facilitate the opening of accounts of small businesses.

He had earlier said that the minimum amount of $3,000 was to ensure that the people who are opening the account really want to use their account as there had been cases where people had opened an account but did not use it.


Five Squares Gray Inn

Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Public Consultation on Draft Media Bill
The new media legislation proposed by the coalition government is aiming to preserve the elements of media ownership regulation and registration ...
9 days ago

Proposed Tian Lun project at Nasese
Concerned residents are wondering why there was no publicity about such a huge project that will affect the environment along Queen Elizabeth ...
40 days ago

Leader of Opposition Voreqe Bainimarama suspended from parliament for 3 years
Leader of the Opposition, Voreqe Bainimarama has been suspended from Parliament for 3 years
43 days ago
FEATURE NEWS
Hong Kong 7s: Fiji 5 - South Africa 7 (Halftime)
5' Iowane Teba scores Fiji's first try. 7-5. SA leads.4' Shaun Williams scores for South Africa. 7-0.1' Big tackle from Talacolo puts SA into touch. F...
14 minutes ago
LATEST NEWS
Fiji Airways resumes flights to Hong Kong
Fiji Airways this weekend resumed flights to Hong Kong after a hiatus of almost three years due to the COVID-19 pandemic. Tourism Fiji ...
1 hour ago

We have managed to achieve our goal from day one and two โ€“ Daugunu
As the Fiji Airways Menโ€™s national 7s side prepares to play the quarter final of the Hong Kong 7s, Tevita Daugunu says they have managed to achieve ...
3 hours ago

Children take part in Palm Sunday service
Children and Christians around Fiji and the world are celebrating Palm Sunday today. Palm Sunday marks the triumphant entry of Jesus into ...
4 hours ago

Byrne impressed with how the Drua started against the Rebels
The way the Swire Shipping Fijian Drua started their match against the Rebels impressed coach Mick Byrne. The Drua scored two tries in the first ...
5 hours ago

Russia assumes UN Security Council presidency despite Ukrainian anger
Russia has taken the presidency of the UN Security Council despite Ukraine urging members to block the move. Each of the council's 15 members ...
6 hours ago

TOP